Table 3

Descriptive statistics

VariableObsMeanStd. dev.MinMaxVIF
RREAD-LNT496−4.0140.597−5.394−1.792–
RREAD-SZ504−0.9810.978−4.172.56–
RREAD-LNT(Actual)49665.89940.9866220–
RREAD-SZ(Actual)5044.1085.2020.07764.7–
ESGdisclosure5510.1730.0530.070.41.68
ACBDiv2440.7910.727031.28
ACMeetings3254.5512.0172161.21
ACNumber4453.621.108071.44
Bdsize5408.2192.1043163.61
Boardinde5405.952.0041122.67
Leverage5390.6730.2640.011.572.34
SoFirm54615.6413.0029.7928.171.68
ROA5460.0710.145−0.571.941.80
Loss5430.2410.428011.21
Firmage55837.31521.20611271.29
Source(s): Authors’ own work

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